Tuesday 17 September 2019

JPMorgan’s asset arm selling 195 Broadway for $800M

JPMorgan’s asset management arm reached a deal to sell its Financial District office tower at 195 Broadway for $800 million. JPMorgan Asset Management signed a pair of contracts to split the property between the fee position and a leasehold on the 1.1 million-square-foot building, sources told The Real Deal. L&L Holding, which already owns 5 percent of the property, will buy JPMorgan’s 95 percent stake with an investment group made up of Seoul-headquartered Korea Investment […]



source https://therealdeal.com/2019/09/17/jpmorgans-asset-arm-selling-195-broadway-for-800m/

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